Japan's Kioxia sees flash memory demand almost tripling by 2028 [Yahoo! Finance]
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Source: Yahoo! Finance
2.7 times in the five years to 2028 on the back of the boom in artificial intelligence. The chipmaker, which was hammered by a downturn in the market for memory chips, is readying a major capacity expansion at its new fab at Kitakami in Iwate prefecture, north of Tokyo. Kioxia, formerly Toshiba Memory, had planned to begin production at the fab last year but has delayed that to autumn 2025. The chipmaker has seen years of upheaval including its carve-out from scandal-hit Toshiba by the Bain-led consortium. Kioxia also makes chips at Yokkaichi in Mie prefecture in central Japan and in July said it has begun sample shipments of its latest generation of NAND flash memory. The growth of AI is driving investment in servers and the introduction of AI features is seen as having the potential to drive renewed demand for smartphones and PCs. Kioxia has space in Yokkaichi and "by having the Kitakami factory operating next autumn we should have sufficient room to respond," Tomoharu W
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